- Research: Saudi Arabia's Growth in 2012 Will Likely Reach 4.7%2012/05/23
Quotes from Standard Chartered:
-Saudi Arabia is booming. Growth in 2012 will likely reach 4.7%, driven by the oil sector, government spending and a liquid banking sector. The next phase of growth over the next five years will be driven by three key factors.
-The first is demographics, with the Saudi population expected to grow by nearly 50% over the next decade. This is both a challenge and an opportunity and the foundation for the government's long-term development plans - from infrastructure to education and diversification.
-The second factor is the hydrocarbon sector, which provides the government with the fiscal firepower needed to build the required infrastructure and invest in diversifying the economy. Saudi Arabia's role in the oil markets as a swing producer is unlikely to be challenged in the medium term, but longer-term technological developments and new sources such as shale gas are risks.
-The final factor is diversification. Saudi Arabia's long-term goal is to focus on building an industrial power base that can benefit from existing resources and create needed jobs in the long run. Diversification will both reduce longer-term risks from overdependency on hydrocarbons and create a much-needed sustainable economic model that will create jobs for Saudi Arabia's growing population.
The material has been provided by Instaforex Company - instaforex.com
- Uk Factory Orders Balance Unexpectedly Stands at a 5-Mth Low in may - Cbi2012/05/23
UK factory orders balance unexpectedly stands at a 5-mth low in May - CBIThe material has been provided by Instaforex Company - instaforex.com
- Bean - - Imf Report Makes Clear That Boe Private Sector Asset Purchases Should be As Treasury Agent2012/05/23
BEAN - - IMF REPORT MAKES CLEAR THAT BOE PRIVATE SECTOR ASSET PURCHASES SHOULD BE AS TREASURY AGENTThe material has been provided by Instaforex Company - instaforex.com
- Bean - - buying Private Sector Assets Is Uncomfortable, Political Territory for C Bank2012/05/23
The material has been provided by Instaforex Company - instaforex.com
- Research: Next Support for Eur/usd at 1.25802012/05/23
Quotes from RBC Capital Markets:
-The damage to risk proxies and EUR/USD was never quite erased and London pushed the cross through support at 1.2640, to hit a new 4m low, swiftly followed by a new 21m low (1.2615) - more technical than fundamentally-driven. Next support is at 1.2580 though follow-through has been limited so far (spot 1.2650/55).
The material has been provided by Instaforex Company - instaforex.com
- Bean - - Deeper Problem Holding Uk Growth Back Is Lack of Confidence, Not Banks2012/05/23
BEAN - - DEEPER PROBLEM HOLDING UK GROWTH BACK IS LACK OF CONFIDENCE, NOT BANKSThe material has been provided by Instaforex Company - instaforex.com
- Fitch: Non-Resident Investors Pulling Out of Spain, Italy2012/05/23
FITCH: NON-RESIDENT INVESTORS PULLING OUT OF SPAIN, ITALYThe material has been provided by Instaforex Company - instaforex.com
- Research: Twd Likely to Appreciate to 27.5/usd in 12 Months2012/05/23
Quotes from Barclays Capital:
-We maintain our positive medium-term outlook on the TWD and expect it to appreciate to 27.5/USD in 12 months. We think medium-term drivers of TWD appreciation, in particular the prospect of improved cross-Strait ties, have strengthened greatly, particularly after the recently concluded Boao forum.
The material has been provided by Instaforex Company - instaforex.com
- Bundesbank : Challenges for Euro Zone if Greek Aid stopped Would be Considerable But Manageable - Monthly Report2012/05/23
The material has been provided by Instaforex Company - instaforex.com
- Bundesbank - - to Dilute Existing Agreements With Greece Would Damage Trust in All Euro Agreements2012/05/23
The material has been provided by Instaforex Company - instaforex.com
- Research: Scope for Taiwan's Central Bank to Hike Rates This Year2012/05/23
Quotes from Barclays Capital:
-We maintain our 2012 GDP forecast of 3.5%, despite the recent decision to pass higher energy prices through to the economy and the subdued growth numbers in Q1. Barring downside surprises to May activity indicators, we continue to believe there is scope for Taiwan's central bank to hike rates this year, starting at its next quarterly meeting in June.
-The government recently raised its 2012 inflation forecast to 1.9% (from 1.5% in February) due to higher energy prices; our forecast is 2%. Given the tight labour market, several companies, such as Honhai and Asustek, are mulling larger wage increases to retain workers. Such second-round effects could pose as upside risks to inflation. Apart from a raised inflation trajectory, the outlook for growth is also improving.
The material has been provided by Instaforex Company - instaforex.com
- Boe's Bean Expects subdued Underlying Domestic Inflation to Drag down Headline Uk Inflation2012/05/23
The material has been provided by Instaforex Company - instaforex.com
- Bean - - Inflation may 'bobble Around' Current Level for a Few Months2012/05/23
The material has been provided by Instaforex Company - instaforex.com
- Bundesbank : Euro System Should Not Significantly Increase Risk Exposure to Greece Given Current Situation2012/05/23
The material has been provided by Instaforex Company - instaforex.com
- Bundesbank - - Calls on German Fiscal Policymakers to Loosen Policy Stance to Stimulate Economy Seem Inappropriate2012/05/23
The material has been provided by Instaforex Company - instaforex.com
- Bundesbank : Situation in Greece Extremely Worrying, Non-Implementation of Reforms Jeopardizes Further Aid2012/05/23
The material has been provided by Instaforex Company - instaforex.com
- Uk Cbi Trends-Orders (may) Actual***** -17 ****(poll -10),(pvs -8)2012/05/23
The material has been provided by Instaforex Company - instaforex.com
- Research: Manufacturing in Taiwan Likely to Accelerate in Coming Months2012/05/23
Quotes from Barclays Capital:
-We expect momentum in Taiwan's manufacturing to accelerate in coming months as the tech cycle moves into a higher gear. Key drivers are easing disk drive shortages and a brisk summer launch season for many consumer electronics. Also, in April, the US ISM new orders index rose to 58.2, the highest in a year, after stalling in the prior two months.
-Taiwanese companies are already ramping up capacity utilisation, as indicated by the recent sharp drop in the number of workers on involuntary unpaid leave. The outlook for investment is also looking up, with a number of semiconductor manufacturers (eg, TSMC) issuing stronger guidance for capex.
-The global semiconductor equipment book-to-bill ratio broke above parity for the first time in February and climbed to 1.1x in April, after spending some 17 months below the water line in late 2010 and 2011 (troughing at 0.7x).
-Indeed, one silver lining in today's IP release is that semiconductor production (26% weight in IP) likely rose m/m in April on a seasonally adjusted basis. Chip output has returned to August 2011 levels and is running 10% above the levels seen in Q4 11 and January-February 2012. This supports our view that technology-related production will rebound - we expect it to start from Q2.
The material has been provided by Instaforex Company - instaforex.com
- China Premier Wen - - Economy Faces Increasing Downward Pressure, to Incease Policy Fine-Tuning2012/05/23
CHINA PREMIER WEN - - ECONOMY FACES INCREASING DOWNWARD PRESSURE, TO INCEASE POLICY FINE-TUNINGThe material has been provided by Instaforex Company - instaforex.com
- Germany Sells 4.555 Bln Euros of New 0.00 Pct, 2-Yr Schatz, Avg Yield 0.07 Pct (pvs 0.14 Pct), Bid/cover 1.7 (pvs 1.8)2012/05/23
GERMANY SELLS 4.555 BLN EUROS OF NEW 0.00 PCT, 2-YR SCHATZ, AVG YIELD 0.07 PCT (PVS 0.14 PCT), BID/COVER 1.7 (PVS 1.8)The material has been provided by Instaforex Company - instaforex.com
- "eurobonds are a Bad Idea," says Sweden Pm2012/05/23
Sweden Prime Minister Fredrik Reinfeldt said is opposed to the idea of the euro zone issuing common bonds as it would distort debt markets,
Reinfeldt said such debt would lead to too high yields in some countries and too low yields in others. The material has been provided by Instaforex Company - instaforex.com
- German 2012 Construction Sales Seen Growing 4 Pct in 2012- Hdb2012/05/23
Sales in Germany's construction sector will grow 4 pct in nominal terms this year, trade association HDB said, the foreacts was 2.5 pct earlier
Rise in construction prices of around 2 pct would translate to a 2 pct rise in sales in real terms, the HDB added
The construction sector had a solid start to 2012 despite cold weather with sales up 1 pct in nominal terms
The demand for property and real estate prices are booming in Germany after years of stagnation
Quotes
"The dynamic development in construction demand at the start of the year promises a continuation of the upswing in the construction sector,"
"With 12.6 billion euros, construction companies registered the highest volume of orders since 2000 for the first quarter, with a rise in orders of around 12.5 percent."
HDB
The material has been provided by Instaforex Company - instaforex.com
- Boe's Bean - if Conditions Deteriorate Significantly , Boe may need to Resume Asset Buying2012/05/23
BOE'S BEAN - IF CONDITIONS DETERIORATE SIGNIFICANTLY , BOE MAY NEED TO RESUME ASSET BUYINGThe material has been provided by Instaforex Company - instaforex.com
- Boe's Bean - heightened Euro Zone Uncertainty Means Date to Reverse Qe Has receded Somewhat2012/05/23
BOE'S BEAN - HEIGHTENED EURO ZONE UNCERTAINTY MEANS DATE TO REVERSE QE HAS RECEDED SOMEWHATThe material has been provided by Instaforex Company - instaforex.com
- Boe's Bean - Hard to Know When Gilt Yields Will Return to Historically Normal Levels2012/05/23
BOE'S BEAN - HARD TO KNOW WHEN GILT YIELDS WILL RETURN TO HISTORICALLY NORMAL LEVELSThe material has been provided by Instaforex Company - instaforex.com
